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PE Weekly | News and Events in Chinese PE Market (2021.6.28-2021.7.4)

FOF Weekly Updated July 04, 2021


This week (2021.6.28-2021.7.4), PE Weekly covers fundraising news on PE market.

Fundraising

Zhejiang State-Owned Enterprises Embraces a Fund for Upgrading

July 2, 2021----Hangzhou Iron and Steel Co., Ltd. announced to set up a CNY4.01 billion fund in partnership with China Reform Holding Co., Ltd. and others. The fund will support state-owned enterprises in Zhejiang Province to carry out strategic restructuring, merger and acquisition, equity investment, private placement, debt-to-equity swap etc. In addition, it will also help state-owned enterprises in Zhejiang Province to tap into strategic emerging industries. Read more...

 

CNY100-Billion Infrastructure Fund in Shangdong Boosts Local Development

June 30, 2021----Shandong Peninsula City Cluster Infrastructure Investment Fund gained wide attention for its partnership contract signing ceremony in Qingdao. The fund, with a total scale of CNY100 billion, was jointly established by financial departments of the five cities in Jiaodong Economic Circle and Shandong Expressway Group. It mainly invests in infrastructure construction and urban upgrading in Jiaodong economic circle through sub funds or direct investments.

 

The fund will be managed by market-oriented manager to lever private capital with provincial and municipal state-owned capital, to drive the development of Jiaodong Economic Circle. Currently it has 220 potential targets in highway, railway, water conservancy and urban upgrading fields with investment amount totaling CNY700 billion. Read more...

 

ZWC Partners Closes Its New USD Fund at More Than CNY5 Billion

June 29, 2021----Chinese venture capital firm ZWC Partners raised more than CNY5 billion for its latest US dollar-denominated fund. With this fund, ZWC Partners now has more dry powder to invest in rapidly growing tech-enabled companies. ZWC currently has its team in Beijing, Shanghai, Shenzhen, Hongkong and Singapore. Read more...

 

CDH Secures CNY2 Billion For Its First IDC Fund

June 29, 2021----Chinese alternative asset manager CDH Investments completed fundraising for its first industry data center fund (IDC Fund I) at CNY2 billion. The fund’s investor group covers insurance companies, university endowments and private enterprises. China Pacific Insurance Company and Taikang Insurance Group are among the major investors.

 

CDH Mezzanine started looking for IDC market opportunities in 2017. “IDC investment needs a large amount of capital in the early stage, but not any more after one to two years as the cash flow stabilizes. This makes IDC very consistent with the characteristics of mezzanine investment,” says Ye Zhen, managing director of CDH mezzanine and person in charge of IDC fund. Read more...

 

The CNY15-Billion Fund in Hubei Begins to Deploy Capital

June 28, 2021----Hubei High Quality Development Industry Investment Fund, established by the National Manufacturing Transformation and Upgrading Fund and Hubei Provincial Government back in 2020, started capital deployment of more than CNY2 billion on 12 invested projects, covering new materials, intelligent drive, intelligent cockpit, chips, virtual reality, visual computing, data center, remote sensing technology, satellite internet, precision instruments and others. Managed by Hongtai Aplus, the fund will focus on growth and late-stage investment in new materials, new generation information technology, electrical equipment, and new manufacturing sectors. Read more...

 

China Everbright Holdings Announces Its First Secondary Fund

June 28, 2021----China Everbright Holdings announced the establishment of an secondary fund with a target scale of CNY1 billion and an initial scale of CNY400 million. China Everbright Holdings and Sun Life Everbright Life Insurance subscribed to the fund. Priority will be given to high-quality asset packages that cater to the nature of insurance funds. Read more...

 

Harbin Sees a CNY1-Billion Venture Fund

June 25, 2021----Harbin Hatou Jiaxin Investment Management, a wholly-owned subsidiary of Harbin Hatou Investment, together with Harbin Hashen Private Equity Fund Management, Harbin Hashen Investment establish a venture fund that will focus on direct investment in new generation information technology, smart manufacturing, new materials, and biomedicine sectors. The fund has a total target size of CNY1 billion, of which CNY300 million will comes from local government-guided fund as planned. Read more...

 

Changsha Tianxin District Debuts a Government-Guided Fund

June 24, 2021----Tianxin District, Changsha City, Hunan Province is glad to announce its debut government-guided fund with total capital commitment of CNY200 million. The Fund, Hunan Changsha Tianxin District Jiuyue Venture Investment Partnership, has a major preference for big data, artificial intelligence, software, human resources, creativity and advertisements. Tianxin Economic Development Zone, Changsha Changxin Investment Management, and Kingsignal Technology established the fund, while Hunan Jiuyuequan Private Equity Fund Management will be the fund manager. Read more...

 

 

 


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PE Weekly | News and Events in Chinese PE Market (2021.7.12-2021.7.18)
REGISTER NOW !
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
E-mail adress
Password
l read and agree to
Terms&Conditions
Create a new account Sign up!
Forget Password
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
Name
Surname
E-mail address
Password
Confirm password
l read and agree to
Terms&Conditions
Already have an account? Sign in!
Please go to the mailbox to approve the registration
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
FOF WEEKLY Account terms of service
1. Members registered in this website must abide by the provisions on the administration of Internet electronic announcement service, and shall not publish information such as defamation of others, invasion of others' privacy, infringement of others' intellectual property rights, spread of viruses, political speech, commercial information, etc.
2, in all the articles published in the site, the site has the final right to edit, and reserve the right to print or publish to a third party, if your information is not complete, we will have the right to use your work published in the site without any notice.
3. During the registration process, you will choose the registration name and password. The choice of registration name shall comply with laws, regulations and social ethics. You must keep your password confidential and you will be responsible for all activities that take place under your registered name and password.
Already have an account? Sign in!
E-mail adress

PE Weekly | News and Events in Chinese PE Market (2021.6.28-2021.7.4)

FOF Weekly Updated July 04, 2021


This week (2021.6.28-2021.7.4), PE Weekly covers fundraising news on PE market.

Fundraising

Zhejiang State-Owned Enterprises Embraces a Fund for Upgrading

July 2, 2021----Hangzhou Iron and Steel Co., Ltd. announced to set up a CNY4.01 billion fund in partnership with China Reform Holding Co., Ltd. and others. The fund will support state-owned enterprises in Zhejiang Province to carry out strategic restructuring, merger and acquisition, equity investment, private placement, debt-to-equity swap etc. In addition, it will also help state-owned enterprises in Zhejiang Province to tap into strategic emerging industries. Read more...

 

CNY100-Billion Infrastructure Fund in Shangdong Boosts Local Development

June 30, 2021----Shandong Peninsula City Cluster Infrastructure Investment Fund gained wide attention for its partnership contract signing ceremony in Qingdao. The fund, with a total scale of CNY100 billion, was jointly established by financial departments of the five cities in Jiaodong Economic Circle and Shandong Expressway Group. It mainly invests in infrastructure construction and urban upgrading in Jiaodong economic circle through sub funds or direct investments.

 

The fund will be managed by market-oriented manager to lever private capital with provincial and municipal state-owned capital, to drive the development of Jiaodong Economic Circle. Currently it has 220 potential targets in highway, railway, water conservancy and urban upgrading fields with investment amount totaling CNY700 billion. Read more...

 

ZWC Partners Closes Its New USD Fund at More Than CNY5 Billion

June 29, 2021----Chinese venture capital firm ZWC Partners raised more than CNY5 billion for its latest US dollar-denominated fund. With this fund, ZWC Partners now has more dry powder to invest in rapidly growing tech-enabled companies. ZWC currently has its team in Beijing, Shanghai, Shenzhen, Hongkong and Singapore. Read more...

 

CDH Secures CNY2 Billion For Its First IDC Fund

June 29, 2021----Chinese alternative asset manager CDH Investments completed fundraising for its first industry data center fund (IDC Fund I) at CNY2 billion. The fund’s investor group covers insurance companies, university endowments and private enterprises. China Pacific Insurance Company and Taikang Insurance Group are among the major investors.

 

CDH Mezzanine started looking for IDC market opportunities in 2017. “IDC investment needs a large amount of capital in the early stage, but not any more after one to two years as the cash flow stabilizes. This makes IDC very consistent with the characteristics of mezzanine investment,” says Ye Zhen, managing director of CDH mezzanine and person in charge of IDC fund. Read more...

 

The CNY15-Billion Fund in Hubei Begins to Deploy Capital

June 28, 2021----Hubei High Quality Development Industry Investment Fund, established by the National Manufacturing Transformation and Upgrading Fund and Hubei Provincial Government back in 2020, started capital deployment of more than CNY2 billion on 12 invested projects, covering new materials, intelligent drive, intelligent cockpit, chips, virtual reality, visual computing, data center, remote sensing technology, satellite internet, precision instruments and others. Managed by Hongtai Aplus, the fund will focus on growth and late-stage investment in new materials, new generation information technology, electrical equipment, and new manufacturing sectors. Read more...

 

China Everbright Holdings Announces Its First Secondary Fund

June 28, 2021----China Everbright Holdings announced the establishment of an secondary fund with a target scale of CNY1 billion and an initial scale of CNY400 million. China Everbright Holdings and Sun Life Everbright Life Insurance subscribed to the fund. Priority will be given to high-quality asset packages that cater to the nature of insurance funds. Read more...

 

Harbin Sees a CNY1-Billion Venture Fund

June 25, 2021----Harbin Hatou Jiaxin Investment Management, a wholly-owned subsidiary of Harbin Hatou Investment, together with Harbin Hashen Private Equity Fund Management, Harbin Hashen Investment establish a venture fund that will focus on direct investment in new generation information technology, smart manufacturing, new materials, and biomedicine sectors. The fund has a total target size of CNY1 billion, of which CNY300 million will comes from local government-guided fund as planned. Read more...

 

Changsha Tianxin District Debuts a Government-Guided Fund

June 24, 2021----Tianxin District, Changsha City, Hunan Province is glad to announce its debut government-guided fund with total capital commitment of CNY200 million. The Fund, Hunan Changsha Tianxin District Jiuyue Venture Investment Partnership, has a major preference for big data, artificial intelligence, software, human resources, creativity and advertisements. Tianxin Economic Development Zone, Changsha Changxin Investment Management, and Kingsignal Technology established the fund, while Hunan Jiuyuequan Private Equity Fund Management will be the fund manager. Read more...